Itv Share Discussion Threads

[jonnybig] 11/3/2024 13:29

Cheers for the update, goldfinger, much appreciated 👍

[institutional investments] 11/3/2024 12:20

Only threat is a buyout offer when 20s.

This, none of us know, if stock is controlled for future cheap ownership

To be decided approaching that time

[institutional investments] 11/3/2024 12:13

The methodology obviously more complex than above, but point is, they literally have handed this to the shorters for now, and a future multibag 20s for the future . Probably ending between 60-80s , and then ranging years

The city bears will make big

The city bulls will make big later

Whole city happy

Retail licking wounds throughout

[institutional investments] 11/3/2024 12:11

Yes I get the point of it being PASSIVE in normal circumstances. But ultimately, at end of day, there is a lot of money to be made from it. But not from current prices.

The buyback will work price down. You must also note, you can forward sell x amount of a vwap period too. Example if this is 20 today, the seller gets the 60, agreed on forward

This is ok because the holder can control the share price and short it X10 within the group . No worries

Then , example sub 20s, the 'forward buys' kick in

😂

[matthewr1] 11/3/2024 11:58

Should read ‘expect the numbers.’

[matthewr1] 11/3/2024 11:57

Ok , let me repeat what I posted last week around buybacks as the comments seem confused today.
The buyback has approval to start but as of Fridays close has not started. As soon as it does you will see an RNS release before 7:30am the following business day.
Excellent etc the numbers to be low/disappointing as there are strict rules around the execution of a buyback. It CANNOT be seen to be moving the share price or ramping the share price and as such is therefore limited to a small % of the daily volume. But not the volume that someone’s mentions today of 56m shares since the 7th. That is total volume of and not the key parameter , which is order book volume on the exchange. As such it is likely to be far less than 500k shares a day , seeing as volume has been so subdued (apart from the last week). The Corporate broker (in this case Morgan Stanley) cannot purchase a block off an individual seller (institution) as that would be perceived as a ‘private sale,’ and is therefore not allowed under the buyback rules.
The fact that Morgan Stanley’s research dept is negative on the stock is irrelevant. Their Corporate broking arm is handling the purchase , most likely through a passive algo.
The buyback authority lasts for 18 months and I expect it to take at least that long.
Plenty of hedge funds still hate ITV and the UK so are likely to stay short.
The buyback is helpful , but PASSIVE.

[institutional investments] 11/3/2024 11:50

I can see this returning 300% one day . For sure

But obviously not from these prices

[institutional investments] 11/3/2024 11:48

With the current board etc etc, you have no hope

She won't be sacked. She appeases the real bosses

She will go when share price circa 20s . Then the miraculous bounce and shares distributed accordingly, just prior

[institutional investments] 11/3/2024 11:46

Y'all may think our thinking is mad.

But guys..

We think yours is too

😂

[institutional investments] 11/3/2024 11:45

"As for the buyback by Morgan Stanley, whose top analyst has been bearish ITV for years is another farce"

Why you think it's them?

The CEO here is aiding something very nasty for 'retail' investors

Every move is to appease those whom want it sub 20

I'm afraid the latest laugh re buyback whilst short positions at lowest ever re 56s, confirms it all

They knew it was coming and price would lift a bit hence not at 3.5% 56s

Slaughter is coming

[institutional investments] 11/3/2024 11:32

That's where future direction is. In that answer

[institutional investments] 11/3/2024 11:31

Buyback expiry date given? Or open-ended?

[blackhorse23] 11/3/2024 11:15

Anyone knows about buy back ?? Company announced buy back starting from 7th but no buy back yet?? is that cancelled??

[vlad the impaler] 11/3/2024 10:51

"Welcome to the Dark Side"

[vlad the impaler] 11/3/2024 10:47

"Bloodletting Time"

[institutional investments] 11/3/2024 10:12

You hardly think they will buy such high prices. MS will have the vast majority of those stored for after a kill

Watch shorters get fed massive amounts now from institutions

Morgan have the candy ..at right price of course

[institutional investments] 11/3/2024 10:11

Looks like the institutions are pricing in a buyback gerbils think they will pay for 😂

Maybe at sub 20p

[institutional investments] 11/3/2024 09:56

Looking good 😂

[tlobs2] 11/3/2024 09:19

With the potential upside here, it wouldn't make sense to bank a loss and look elsewhere to invest IMHO

Morgan Stanley are looking to buy around 350 million shares. I'd have said that time and pressure is well and truly on the shareholders side ;-)

[diku] 11/3/2024 08:52

That is if they made a huge gain in other shares?...and do they find value else where to reinvest?...